Ethereum Surpasses Bitcoin in Futures Volume, Indicating Potential Altcoin Season

Ethereum has surpassed Bitcoin in futures trading volume for the second consecutive day. In the last 24 hours, the trading volume for $ETH hit $58.4 billion, whereas $BTC registered $43.3 billion. This shift indicates major market players are redirecting their focus from Bitcoin to Ethereum, which is unusual and suggests increased institutional interest in $ETH. Additionally, Ethereum has set a new record with over 34,809,062 ETH staked. As the leading altcoin, Ethereum forms the core infrastructure for DeFi and Layer 2 solutions, with more than 50% of DeFi TVL locked within its ecosystem. Rising demand for Ethereum signals a potential capital shift towards altcoins, many of which operate on the Ethereum network. Ethereum serves as a key indicator for the upcoming altcoin season. Its outperformance in futures trading implies the market might be preparing to transfer liquidity into altcoins. Investors anticipating an altcoin surge should consider this development significant.